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Demand for Wool Remains High Even as Prices Climb

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The market’s appetite for wool is high, despite rising prices. Australian Wool Innovation (AWI), not-for-profit company that invests in R&D and marketing to increase the long-term profitability of Australian woolgrowers, reported Tuesday that wool supply has increased 3 percent to 5 percent compared to last year. The Australian Wool Exchange export results indicate that 5.3%, or…

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